Items that are essential to operating a business are considered

Although appealing to more refined tastes, art as a collectible has not always performed so profitably. During 2003, Sotheby’s s

Mars2501 [29]

Answer:

His annual rate of return on this sculpture is -4.46%.

Explanation:

let PV be the amount invested and after t periods it turns to be FV

FV = PV(1+r)^t

(1+r)^t = FV/PV

1 + r = (FV/PV)^(1/t)

r = (FV/PV)^(1/t) - 1

t is the number of years from 1999 to 2003, t = 2003 - 1999 = 4 years

FV = $10,311,500

PV = $12,377,500

r = ($10,311,500/$12,377,500)^(1/4) - 1

r = -0.0446

therefore, His annual rate of return on this sculpture is -4.46%.

6 0

3 years ago

The united states economy is experiencing high inflation and real gdp is greater than potential gdp. Describe the actions taken

BARSIC [14]

Sale ; higher.

The result will be a decrease in the money supply and unemployment.

Money supply:

The entire amount of money in circulation in the economy at any given time is referred to as the money supply. The amount of money in circulation and demand deposits are typically considered standard measures of money. These are statistics that are typically compiled and released by the national government or central bank. In terms of consumerism, supply and demand also depend on the availability of money.

When the New York Fed sells assets on the open market to reduce the amount of money in circulation, the money supply curve shifts to the left, the interest rate rises, the demand for investments declines, and the AD curve shifts to the left. In the end, the inflation rate falls at the expense of a reduced RGDP.
Real GDP exceeding potential GDP indicates that the economy is producing more than it can sustainably produce and that aggregate demand is greater than aggregate supply. Price hikes and inflation are expected to follow in this situation.
Employment in full GDP is the fictitious GDP level that an economy would reach if it reported full employment, i.e., it is the level of GDP that would result in zero unemployment.

In the given question, the requirement is to reduce real GDP and thus reduce unemployment.

Hence, the government will use contractionary policy to reduce unemployment.

Thus, the Fed will conduct an open market sale to hit the new higher federal funds rate target.

Sale ; higher

Reason: The result will be a decrease in the money supply and unemployment.

The currency base shrinks. Money is less plentiful, and interest rates are rising.

The supply of loanable funds decreases, and long-term interest rate rises.

decreases ; rises

Reason: Savings will decline due to a declining money supply, which will also cause a decline in the amount of cash available for loans, raising interest rates.

decreases ; decreases

Investment will decline as interest rates rise and thus $\mathrm{AD}$ will also reduce since investment is a component of $\mathrm{AD}$

Learn more about money supply here brainly.com/question/3625390

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4 0

2 years ago

In the second step of the decision-making process, analyzing the problem:

stiks02 [169]

Basically examining the promblem

8 0

3 years ago

Peters, Inc. produces 3 products: P1, Q2, and R3. P1 requires 400 purchase orders, Q2 requires 600 purchase orders, and R3 requi

alexdok [17]

Answer:

P1 $36,000

Q2 $54,000

B2 $90,000

Explanation:

For computing each ordering and receiving overhead assigned, first we have to calculate the price per order which is shown below:

= Total cost of purchase orders ÷ total purchase orders

where,

Total purchase orders = P1 purchase orders + Q2 purchase orders + R3 purchase orders

= 400 + 600 + 1,000

= 2,000 purchase orders

And, the Total cost of purchase orders is $180,000

Now put these values to the above formula

So, the price would equal to

= $180,000 ÷ 2,000 orders

= $90

Now we can compute easily.

For P1 = Purchase orders × price per order

= 400 × $90

= $36,000

For Q2 = Purchase orders × price per order

= 600 × $90

= $54,000

For R3 = Purchase orders × price per order

= 1,000 × $90

= $90,000

The given options are not correct

4 0

3 years ago

For each month of next year, Company R’s monthly revenue target is x dollars greater than its monthly revenue target for the pre

belka [17]

Answer:

$340,000

Explanation:

Revenue target for September is $30,000 larger than its revenue target for June, since there are 3 months between June and September, its revenue target grew by $10,000 each month (= $30,000 / 3).

If the company's revenue target is $310,000 for December, and it continues to grow at the same rate, t will be $320,000 for January, $330,000 for February and finally $340,000 for March.

4 0

3 years ago